my USD/CAD forecast

The Bank of Canada (BoC) maintained its key overnight rate at 5%. Canadian economic activity grew at its fastest pace in seven months in November. Canada recorded a larger-than-expected trade surplus of C$2.97 billion in October. The USD/CAD forecast suggests a positive shift favoring the pair as the Canadian dollar weakens after the BoC’s decision…

The post USD/CAD Forecast: Loonie Loses Ground After BoC’s Pause appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2023/12/07/usd-cad-forecast-loonie-loses-ground-after-bocs-pause/